ETALON GROUP PLC (“Etalon Group” or the “Company”), one of Russia’s largest and longest-established development and construction companies, announces that its Board of Directors decided on 12 May 2023 to apply for a primary listing on Moscow Exchange.
In 2011, Etalon Group received its primary listing on the main market of the London Stock Exchange. Since 2020, the Company’s global depositary receipts (GDRs) have been traded, under the ticker ETLN, on the main market of Moscow Exchange and included in its Level 1 quotation list.
The Company plans to change the status of its listing on Moscow Exchange to primary by registering a prospectus for its existing GDRs with the Bank of Russia in accordance with Regulation of the Bank of Russia No. 714-P of 27 March 2020 and Directive of the Bank of Russia No. 5951-U of 29 September 2021 in the context of the procedure for receiving permission from the Bank of Russia to allow existing GDRs to be publicly traded in Russia. The change of Etalon Group listing status to primary is subject to approval by the Bank of Russia.
The procedure for changing the listing status on Moscow Exchange will not require any additional actions on the part of holders of the Company’s GDRs and will not place any restrictions on trading in Etalon Group’s GDRs.
This and other recent announcements are available on the Etalon Group website:
https://www.etalongroup.com/en/news/.
IR Team
About Etalon Group
Founded in 1987, today Etalon Group is one of the leading nationwide players in Russia’s development and housing construction sector. The Company develops real estate projects for the middle class in Moscow, the Moscow region and St Petersburg. The Company has been actively developing in eight regions across Russia since 2021, with large-scale projects under way in Omsk, the Novosibirsk region, Ekaterinburg, Tyumen and Kazan. With 38 years of successful operations and ongoing regional expansion, the Company remains one of the largest players in the Russian real estate market. Since its foundation, Etalon Group has delivered 9.7 mln sqm of real estate.
Thanks to its integrated business model, Etalon Group creates added value for customers and shareholders at every stage of development, from land plot analysis and acquisition to the operation and maintenance of existing properties. Etalon Group employs more than 6,000 people.
Etalon Group’s total assets comprise 42 projects under development, unsold inventory at completed residential complexes and commercial properties, with total unsold NSA of 5.5 million sqm, as well as a construction and maintenance division. According to Nikoliers, the value of Etalon Group assets as of 31 December 2025 was RUB 318 billion.
In 2025, Etalon Group’s new contract sales totalled 671 ths sqm, or RUB 153.5 billion.
The Company’s revenue in 2025 amounted to RUB 154 billion, with EBITDA of RUB 31 billion.
Etalon Group shares are traded on the Moscow Exchange (ticker ETLN) and have been included in the Level 2 quotation list since September 2025.